Silver Spruce Announces a Private Placement of up to $500,000 of Units

Author's Avatar
Nov 24, 2022

BEDFORD, NS / ACCESSWIRE / November 24, 2022 / Silver Spruce Resources Inc. (TSXV:SSE, Financial)(FRA:S6Q1, Financial) ("Silver Spruce" or the "Company") announces that it will undertake a non-brokered private placement financing for up to $500,000 in the form of Units (the "Financing"). Each Unit is comprised of an unsecured note in the principal amount of $10,000 (each, a "Note") and 80,000 common shares of the Company (the "Bonus Shares") at a deemed price of $0.025 per Bonus Share. Notes are non-transferrable, will bear interest at 8% per annum and will mature 18 months from the date of issue. Units will be offered in amounts of $10,000 per Unit.